917 Acosta Plz UNIT 2SalinasCA93905
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Salinas at 917 Acosta Plz UNIT 2, Salinas, CA, 93905 uses $125,970 cash to close to unlock $12,746/yr annual cash flow and $1,062/mo monthly cash flow. Total monthly income runs $3,668/mo, and a $1,860/mo payment keeps the spread at $1,062/mo. Purchase price stands at $380,000, and rental yield measures 11.58% with $3,668/mo rent. Return on cash invested shows 30.03% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 158% and total cumulative return in cash records $199,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,668/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$255 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93905, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,562 (100%) |
| Owner Occupied HU | 5,983 (41.1%) |
| Renter Occupied HU | 8,234 (56.5%) |
| Vacant Housing Units | 345 ( 2.4%) |
| Median Home Value | $600,929 |
| Average Home Value | $654,414 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
11,384
Multi-Family
2,319
Businesses
706
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Listed by: Rosa Figueroa • Berkshire Hathaway HS Real Time Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81978864
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-15 21:31:47 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.